FLUTTER ENTERTAINMENT

P 15,200 15,000 14,800 14,600 14,450 14,570.10 24 Jun 14,200 18 Jun 19 Jun 20 Jun 21 Jun 24 Jun

Peel Hunt published new earnings forecasts for the gambling group, which transferred its primary listing from London to New York at the end of May. The broker lowered its price target on Flutter to £15 from £16 and downgraded its recommendation on the stock to hold from buy. "FanDuel (US) has been a remarkable success but now the US is profitable, the valuation focus accounts for increased duty risk," Peel Hunt said.

SAFESTORE 815

P 810 805 800 24 Jun 803.50 795 790 18 Jun 19 Jun 20 Jun 21 Jun 24 Jun

Peel Hunt downgraded its earnings forecast for the self-storage landlord by around six per cent. The broker said its downgrades were "driven by a more muted recovery in occupancy trends, and to a lesser degree pricing". Peel Hunt also pared back its dividend forecasts, and noted that they "still show progression over the three-year period". The broker kept its 'hold' rating, while raising its price target to 840p from 830p.

(c) 2024 City A.M., source Newspaper